Renewable Energy Types

It is indisputable fact that world economy has entered upon a new phase – an implementation of renewable energy resources in both industry and society. Such wide distribution is preconditioned by two main factors –a need of non-fossil resources and a variety of natural premises. In this context, production and usage of alternative energy sources become more and more reasonable. Moreover, some countries have found a true solution of their energy problems, most of which are related with export of fuels and dependence on prices of other states. Renewable energy is likely to change the face of global production in future regardless the attempts of large TNCs to broad their spatial structure of mining oil and natural gas.

The idea of renewable energy usage essentially leads to a discussion of the most promising natural preconditions and world leaders in related production.

First of all, much was done to implement solar energy, provided by established solar panels, solar collectors and solar power plants. Of course, generation of this type of energy is a prerogative of those states, which possess the highest temperatures and lasting sun period within a year. However, most of the biggest producers are represented by highly developed countries, which own both big investments and large power stations. So, they include the United States, Germany, Spain, Ukraine, France, China, Australia, Belgium, etc.

Wind energy industry is based on wind farms, wind turbines and wind power stations. To date, it is an achievement of both developed and poor countries. For instance, small windmills are established in Mongolia, where the lands can offer required wind speed. Among other developing countries, which are eager to succeed in wind energy production, are India, Turkey, Brazil, Bulgaria, Ukraine and Russia. Certainly, this list is much supplemented by global economic leaders.

Tidal and wave power are received after the conversion of energy of tides into electricity. In accordance, tidal energy has the potential energy and kinetic energy of water waves. The calculations conclude, all the energy of tides of the oceans is estimated at 1 billion kW. Therefore, countries having an access to seacoast and big waves are potential producers of tidal power. Already existing “generators” feature France, England, Ireland, the US, Russia, Japan, Canada, Portugal, Spain, etc.

Rivers are also of high benefit in energy production. In particular, hydro energy includes all the possibilities of conversion water current into electricity. The absolute record-holder is Iceland, which uses only 6% of its potential. Iceland is followed by Norway, Canada and Sweden, which possess powerful mountain river flows. To date, there are states, which crucially develop their hydro energy opportunities and construct new stations. Among them it is appropriate to name China (much due to capacity of Yangtze River) and Democratic Republic of the Congo (Congo River). It is impossible not to mention Brazil and Paraguay, engaged in development and enlargement of Itapúa Station.

Geothermal energy is naturally reasonable in zones of volcanic activity, where underground warm waters are reached with the help of well-boring. Iceland is the world leader in this case too: five geothermal stations provide 25% of energy safety in the country. The other geothermal power generators are established in the USA (mainly San Francisco region), Philippines, Italy, Mexico, Israel, etc.

Guest post is by Maria Kruk, an author for

World Finance

I’m very tired of everyone trying to explain what is going on in the global economy. To which everybody else simply responds “Well if you know what is happening, then fix it!”.  This doesn’t seem like the best way to approach the problem. If consumers could help in some way (other than not taking out bad loans) then we should tell them what to do, otherwise keep the mob in the dark. The more the average person knows, the less they understand, and the more they panic. A person can be rational, reasonable, and capable of not acting like a fool.  People on the other hand are crazy, irrational and prone to stampedes.

Money doesn’t exist, it’s just one way to measure value.

The National Debt

This isn’t a good sign, literally. The federal debt clock in New York no longer has enough digits to show the debt because it now exceeds Ten Trillion dollars.  I never understood the philosophy of having lots of debt as an economic policy but it does seem like average Americans have also adopted this idea and look at the shit we are in now.

YOU personally owe 86 grand

YOU personally owe 86 grand